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A recent $34 billion expansion triples the amount of crude shipped from Canada's West Coast, but customers have worries about the quality of the product they are receiving.
China’s Sinochem has purchased one of the first crude cargoes shipped through the long-awaited Trans Mountain pipeline expansion. Read more
(Bloomberg) -- The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveJapan Assures Fans Taylor Swift Can Make It to the Super BowlMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryChina’s Lunar New Year Pork Gloom Exposes Deep Economic TroubleBiden Swipes at Trump’s Personality in ‘Weirdest Campa
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
Israel-Hamas conflict in Gaza pushing up crude prices, G7 price cap being widely flouted